Highest Housing Price Increase in Two Years

According to Realtor.com U.S. home prices increased 5.7%, year-over-year in August. This is the largest price increase over the past two years. Considering how strong the housing market has been over the past two years this is truly impressive considering the current economic conditions. Historic low interest rates, extremely low inventory and a shift in priorities for more living space have fueled the housing market.

Read full Realtor.com article here.